Over-allotment option raises $12.1 million
Power Financial Corp. announced Friday the successful completion and closing of an offering of 7 million Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series M, priced at $25 per share to raise gross proceeds of $175 million.The issue was bought by an underwriting group led by BMO Capital Markets and Scotia Capital Inc. Following the […]
Proceeds will boost insurer’s liquidity
Offering to close Dec. 11
Offering to help bank maintain strong capital ratios
Proceeds to boost Tier 1 Capital
The sale of units of Mavrix Explore 2008-II FT Limited Partnership raised total gross proceeds of $12.5 million.Mavrix Fund Management Inc., the manager and portfolio advisor, announced the final closing of the LP on Thursday.The LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada.The […]
Equity issuance down 24% from a year ago
Units now trading on TSX
Industrial Alliance Insurance and Financial Services Inc. has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc. to buy $100 million of preferred shares, the Quebec City-based insurer announced Monday.The underwriters have agreed to buy, on a bought deal basis, 4 million Non-Cumulative 5-Year Rate Reset Class A Preferred Shares […]